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jerryking : gnip   6

Twitter Acquires Gnip, Bringing a Valuable Data Service In-House - NYTimes.com - NYTimes.com
April 15, 2014 | NYT | By ASHWIN SESHAGIRI.

In 2010, Gnip was the first company to work with Twitter to gain access to the social network’s so-called fire hose, which contains all publicly available tweets since 2006. Brands, advertisers and, recently, academics could use that stream of data to analyze and parse activity on the social network....Last year, Apple acquired Topsy Labs, a similar provider of data of Twitter activity. The terms of that deal were also not disclosed, though The Wall Street Journal, citing people familiar with the matter, estimated the deal to be worth more than $200 million.

“We believe Gnip has only begun to scratch the surface,” Jana Messerschmidt, Twitter’s vice president of global business development and platform, wrote in a blog post announcing the deal. “Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter.”
Twitter  Gnip  massive_data_sets  mergers_&_acquisitions  data  data_mining  sentiment_analysis  social_media  social_data 
april 2014 by jerryking
Twitter's Lucrative Data Mining Business - WSJ.com
October 6, 2013 | WSJ | By ELIZABETH DWOSKIN.

Twitter's Data Business Proves Lucrative
Twitter Disclosed It Earned $47.5 Million From Selling Off Information It Gathers

Twitter's data business has rippled across the economy. The site's constant stream of experiences, opinions and sentiments has spawned a vast commercial ecosystem, serving up putative insights to product developers, Hollywood studios, major retailers and—potentially most profitably—hedge funds and other investors....Social-data firms spot trends that it would take a long time for humans to see on their own. The United Nations is using algorithms derived from Twitter to pinpoint hot spots of social unrest. DirecTV DTV +0.99% uses Twitter data as an early-warning system to spot power outages based on customer complaints. Human-resources departments analyze the data to evaluate job candidates....While estimates of the market value of the social-data industry are hard to come by, one research firm, IDC, estimates that the entire "big data" market has grown seven times as quickly as the information technology sector as a whole. It may be valued at $16.9 billion in two years....Each social-data firm boasts proprietary dating-mining tools that go beyond basic keyword searches. Some can zoom in on a subset of people—say, women in a certain ZIP Code—and monitor phrases that show emotion. Then they can create a heat map or a sentiment score that measures how that subset feels about a topic. They have trained natural language processing algorithms to look at slang and broken grammar and to highlight tweets that indicate urgency because of words like "BREAKING."

"We don't just count the volume of these trends. That's naïve," says Nova Spivak, CEO of the Los Angeles-based firm Bottlenose. Rather, his firm looks at the momentum of trends....Many smaller analytics startups are now turning to four companies that Twitter has dubbed "certified data resellers." These brokers, Gnip, Data Sift, Topsy and the Japanese firm NTT Data, 9613.TO -2.04% account for the bulk of Twitter's data revenue. Last year, they paid Twitter monthly fees of about $35.6 million.

Twitter's exponential growth has meant its influence extends well beyond marketing and crisis PR. Nonprofits, human-resource managers and politicians have found Twitter data useful, too.
data  data_mining  Twitter  massive_data_sets  sentiment_analysis  product_development  social_media  social_data  Gnip  Data_Sift  Topsy  NTT_Data  Bottlenose  NLP  hotspots  UN  human_resources  insights  Hollywood  hedge_funds  momentum 
october 2013 by jerryking
Twitter sells your feed to Big Data - The Globe and Mail
Mar. 01, 2012 |Reuters| by Mitch Lipka.

Boulder, Colorado-based Gnip Inc. and DataSift Inc., based in the U.K. and San Francisco, are licensed by Twitter to analyze archived tweets and basic information about users, like geographic location. DataSift announced this week that it will release Twitter data in packages that will encompass the last two years of activity for its customers to mine, while Gnip can go back only 30 days.
Twitter  Gnip  massive_data_sets  data_scientists  commercialization  DataSift  social_data 
march 2012 by jerryking
Data markets aren't coming. They're already here
26 January 2011 | O'Reilly Radar| by Julie Steele.

Jud Valeski is cofounder and CEO of Gnip, a social media data provider
that aggregates feeds from sites like Twitter, Facebook, Flickr,
delicious, and others into one API.

Jud will be speaking at Strata next week on a panel titled "What's Mine
is Yours: the Ethics of Big Data Ownership."
Find out more about growing business of data marketplaces at a "Data
Marketplaces" panel with Ian White of Urban Mapping, Peter Marney of
Thomson Reuters and Dennis Yang of Infochimps.

What do you wish more people understood about data markets and/or the
way large datasets can be used?

Jud Valeski: First, data is not free, and there's always someone out
there that wants to buy it. As an end-user, educate yourself with how
the content you create using someone else's service could ultimately be
used by the service-provider. Second, black markets are a real problem,
and just because "everyone else is doing it" doesn't mean it's okay.
markets  data  analytics  massive_data_sets  digital_economy  content_creators  black_markets  Infochimps  Gnip  Thomson_Reuters  commercialization  data_scientists  data_marketplaces  social_data  financial_data 
may 2011 by jerryking

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